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banking blunders. rumors are swirling about a hot new tech couple. plus, how the obamas are causing a stir at j crew... again. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january 23rd. i'm angela miles. in today's first look: stocks at a 5-year high: the s&p 500 is inching toward 1,500. it rallied yesterday on strength from banking stocks. overall it was a green day on wall street for stocks and commodities. in earnings news after the close, google glory: not only were profits up at the search engine company, but ad sales are solid. for csx railroad, however, profits are chugging slower as the demand for coal is dropping. and british prime minister david cameron delivers his highly anticipated speech today on the uk's future in the european union. let's get a trader's take on earnings coming in from google and ibm after the close with larry shover of sfg alternatives. what do you think, larry? > > traders were surprised. with ibm, no one thought they would beat with revenue, and they did.
, ktvu news. >>> now to our continuing coverage of president obama's second inauguration. after the speech making the president and first lady celebrated tonight after two official balls. here they dance as jennifer hudson sings the al green song let's stay together. >> ♪ >> for the second inauguration, president oe baa -- obama decided to have just two inauguration balls instead of the 10 from his first term. ken pritchett join us and tells us what the president said as he began his second term. >> reporter: the president was officially sworn in yesterday. today's swearing in was a ceremonial event. a public swearing in before by one estimate perhaps more than 1 million people. on a relatively mild and blue sky day president obama and the first lady took the traditional walk down pennsylvania avenue to the white house and to her second term. some waits houred. >> i breathe the air that obama breathes so it was worth it. >> reporter: the president took the oath of office just after noon today before a crowd that filled the national mall as far as the eye could see. mr.obama s
obama renewed his promise to the nation in a public swearing in ceremony and tonight, the celebration is underway. torrie is live in washington dc with the latest on the inaugural festivities and what is happening now. >> reporter: tonight we're seeing even more of those memorable moments including president obama and the first lady dancing at those balls. the music is playing and champagne flowing. thousands are attending inaugural balls. >> today we experienced the deem hock see. >> so help you god. >> so help me god. >> congratulations, mr. president. >> reporter: a very public oath of office. supporters are braving the cold packed the national mall, a million strong. people eager to catch a glimpse of history. >> thank you so much. >> reporter: with democrats and republicans struggling to find common ground on key issues, obama pushed for unity. >> my fellow americans, we're made for this moment and we'll seize it, as long as we seize it together. >> reporter: he brought attention to climate change and gay rights and equal pay for women and we heard a familiar theme fro
became treasury secretary as president obama was sworn into office the first time. finance professor dale rosenthal says government- directed taxpayer bailouts helped stabilize the economy. "instead of a big drop, we saw a softer landing but a longer recovery." under secretary geithner, the treasury department participated in bank bailouts despite risky gambles that led to the subprime mortgage collapse. critics say that under giethner, there was no assurance that banks would use their money to lend to business and homeowners. "there was no reportability, no accountability, it was just, 'give me the money and i'll save us.'" "the one part of the stimulus that worked was the money to state and local governments that went to teachers, firefighters, city workers. if that hadn't happened, unemployment would've been significantly worse." there were more bailouts. geithner oversaw $182 billion to insurance and financial services giant aig, which gave millions in bonuses to top executives responsible for aig's financial mess from credit default swaps. the auto bailout of gm and chrysler - the ob
tab. >>> president obama officially began his second term of office today and thanked supporters here tonight at a reception. >> all of you here understood and were committed to the basic notion that when we put our shoulders to the wheel of history it moves. it moves. >> reporter: tomorrow mr. obama will be sworn in during a public ceremony. he'll give his inaugural speech then take part in a parade and series of inaugural parties and balls. here's a live look at the white house tonight. tori campbell has more on how mr. obama won a spot in history. >> that i will faithfully execute the office of president of the united states. >> reporter: the president is officially in his second term now. he was sworn in in the blue room of the white house with chief justice john roberts doing the honor. and you can bet that chief roberts said the words carefully. four years ago he said the oath wrong. so president obama is the first to have been sworn four times. this morning, joe biden was sworn in by sotomayor. then there was the wreath laying ceremony. and the first couple also attended the ep
news. >>> president obama has promised to hold wall street accountability in his weekly address today. >> we know that the free market works bet for everybody when we have smart, commonsense rules in place to prevent irresponsibility behavior. >> the president focused on his nominations of mary joe white to the securities & exchange commission and richard cordray as the continuing leader of the consumer financial protection bureau. the president said both are former prosecutors who will help protection american consumers and enforce the law. >>> iowa senate tom harkin announced he will not seek a sixth term. the democratic is 73-yards and said his age did play a role in his decision. president obama released a statement thank youing harkin for his service. >> today former republican vice-presidential candidate paul ryan called on members of his party to stick together and pick its fights carefully. the congressman perfect wisconsin says republicans should be prepared for president obama to try to delegitimize them during his second term. ryan said it's important that the g.o.p. doe
fiscal cliff. ahead the new doomsday plan that may include teacher lay you haves. >>> and president obama and the first lady attended the national player this was -- this morning. 2000 guests joined the first couple for the service at the national cathedral. the interface celebration include clergy and chip yours -- scriptures from different faiths. the tradition of an inaugural prayer service dates back to the first inauguration of george washington. ♪ >>> did she or didn't she? may have been lip sinked. another represented said that can't be confirmed the artists artists are are required to have a prerecorded weather track ready any n case -- in case of weather conditions or other circumstances. >>> a critic of the president is in the bay area and speaking out about the obama health care reform. >> there's not flust our health care system -- trust in our health care system. >>> he signed copies of his new book. he die delaware fines himself as -- defines himself as conscious. he made clear heinies intense run for office but say -- he has no intention to run fors off but says there is
president obama nominates a new wall street watchdog. in today's cover story, manufacturing gets its first big boost in years. the goverment addresses boeing's battery problems... but questions remain. plus, inside california's luxury housing boom. and are banks just plain greedy? a look at the latest money grab in traders unplugged. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, january 25th. i'm angela miles. in today's first look: the dow climbs higher for the 5th straight session as apple takes down the nasdaq. the nasdaq fell 24 points. apple also played a role in holding down the s&p, which briefly crossed 1,500. apple shares tumbled $63 in trading yesterday. facebook founder mark zuckerberg is putting on a political face. he will host a fundraiser at his home february 13th for new jersey governor chris christie's re-election fund. and the post office is pushing up the price of a stamp by one penny to 46 cents starting sunday. scott shellady of trean group joins us this morning fo
cuts tied to raising the debt limit. president obama is calling for a "clean" debt limit increase, because it pays for bills the u.s. has already racked up. meanwhile, house speaker john boehner says he wants the house and senate to pass a budget in the near term that includes severe cuts to social programs. without a budget, boehner says lawmakers should not receive pay checks. president obama wants a balanced budget. the senate is expected to approve aid for states devastated by superstorm sandy. senators will vote on a $50 billion dollar bill today. last week, congress said yes to the funding... but not without no votes. the majority of republican house members voted against the bill.. calling it too expensive and saying it should come with spending cuts. january 4th, congress agreed to $9.7 billion package to assist with flood insurance claims from the storm. japan airlines is canceling more flights this week due to technical problems aboard boeing's 787 dreamliner. last week jal cancelled round trip flights.. and will continue those cancellations through january 25th. air
and a third from taxpayers who wanted a better compute. ctvu channel 2 news. >>> president obama has announce ed 2 more nominees to its staff, mary jo white has president of the exchange commission, she won convictions for the 1993 world trade bombing and put john gad i in prison. she would be -- gaggi in prison. >>> the legal battle over those brats dols has taken another term. -- dolls have taken another turn. >> mattel originally sued mg assaying it society its idea but a jury found in waiver of mga. the counterclaims should never have reached the jury. >>> san francisco twitter launch aid new video sharing service. it allows users to record 6 second long loops which can be imbedded in tweets. the brevity will inspire users. >>> you need to clean up your image? a new app will let you delete questionable posts that may help you on a job. the app serves your facebook profile for inappropriate comments. then able to delete those items in that serve. >> manti te'o spoke how much he knew about the des epz. the 21-year-old -- deception talked to katy cuoric. >> he only learned of the hoax after
barack obama's recess were unconstitutional. the senate was technically in session just after the new year in 2012. the white house argues the session was a sham meant to block the appointment and they were out of town for 20 days. >>> the president named his long time advisory as chief of staff. the preside said the 43-year- old played a role in every nation of his press tensey. the out going chief of staff has been nominated for treasure secretary. >>> new research suggests boosting iq of a child. children with fish oil in their diet are enrolled in preschool and have parents that engage in interactive reading are more than likely to have a higher iq. it can help brain development. >> growth of connections among brain cells, and growth of brain cells themselves. >> the study found while preschool is important starting a child early did not show any add benefit to the iq. >>> well, stocks ended on a winning note sending the indexes to levels not seen in some time. solid earnings from proctor and gamble pushed the dow 70 points higher. nasdaq gained 19. the s&p500 longest winning stre
to everybody. >>> president obama, first lady michelle and the first dog bo all greeted students from the peninsula. one of the students told us they were on a public tour when they were asked to wait for a special visitor. the students ended up missing their flight but say it was well worth it. >>> the bullet went through here and hit me in the stomach right here. >>> ernesto is one of the victims. his younger brother told ktvu today four men in their early 20s pulled up in front of the family home last night asking questions about whether the teens were gang members then asking questions about their shoes. >> they were asking like questions like do we bang. like no and my cousin had some cortez'. >> the teen says nike cortez athletic shoes are what gang members in the area like to wear. police say the teens wounded last night are not gang members. >>> as ktvu's robert handa tell us the suspects took off in the victim's two cars. >> reporter: police today are looking for two to three men that pulled off what officers call a brazen robbery last night. investigators describe the men a
Search Results 0 to 11 of about 12